APPLIED COUPON CODE : CUSTOMER-VALUE-22
NOTE : COUPON CODE IS LIMITED SO HURRY UP!!!!!!
What you'll learn
- What customer lifetime value is
- What is maximizing customer lifetime value
- How to build customer lifetime value
- What is customer value strategy
- How to increase customer growth
- What is the best way to increase customer lifetime value----
Rating: 4.8 out of 5
Description
Maximizing customer value is about deploying customer marketing efforts to maximize the total profit generated from every customer
What is Customer Value Maximization?Customer Value Maximization is the group of practices and measures employed to tempt customers to improve the frequency and number of their transactions and to expand the period they remain engaged as customers of a company
Once a new customer is acquired by a company, the main goal of marketing is to maximize the revenues a customer yields for the company (assuming that there is a stable relationship between revenue and profit)
The three primary factors that contribute to total revenues generated by a customer are:Time (how long a customer remains an active buyer)
Buying frequency (how often the customer buys a product from the company)
The monetary value of purchases (how much money a customer spends in their lifetime purchasing from the company)
Thus, maximizing the value of a customer means increasing the time × purchase frequency × monetary value equation
How to Achieve Customer Value Maximization?Providing customers with sought-after products or services at competitive fees and excellent customer assistance is the best way to guarantee that a customer stays loyal to a company for the long term
Excellent customer service start first by understanding the problem
This is why all efforts should be deployed to diagnose the customer's issues rather than deploying efforts to sell upfront
Who this course is for:
- Beginners looking to learn in depth customer psychology and influential decision making factors
- Individuals looking to maximize customer satisfaction
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